Satoshi Nakamoto, Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission follows years of speculation about who came up with the original ideas underlying the digital cash system. Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin’s creator. Prominent members of the Bitcoin community and its core development team say they have confirmed his claims. But many others in the Bitcoin world are asking for more proof. Signed blocks Wright has revealed his identity to three media organisations – the BBC, the Economist and GQ. At the meeting with the BBC, Wright digitally signed messages using cryptographic keys created during the early days of…
Rootstock, What is it? RootStock, A horizontal, usually underground stem that often sends out roots and shoots from its nodes. Rootstock is an open-source peer-to-peer smart-contract platform and payment network with a 2way peg to Bitcoin. Rootstock goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability. The project has been conceived with the following principles in mind: RootStock, Bitcoin Friendly We believe in Bitcoin. We support the Bitcoin community and we want to continue the legacy of Bitcoin´s pioneers. The lack of turing-complete smart-contracts capabilities may become an obstacle to Bitcoin´s growth to it´s full potential. Rootstockprovides the missing technical…
Unless you’ve been living under a rock for the past few years, you’ll have heard about bitcoin, but how much do you really know about this form of cryptocurrency? Find out with our Bitcoin Basics Quiz. Quiz image via Shutterstock…
For the past few days we’ve been championing the suggestion that the (then upcoming) interest rate decision out of the federal reserve could inject some volatility into the bitcoin price. Why? Because the response to any movement or lack thereof in the rate hike had the potential to shift investor sentiment from risk on assets such as equities to risk off assets such as gold and – hopefully – bitcoin. Janet Yellen reported the Federal Reserve’s decision during yesterday’s US session, and it came out unchanged. The US base rate will remain at zero until at least the end of next month, but far more likely until 2016. In response, the bitcoin price did exactly what we wanted. We broke through in term resistance and carved out fresh highs not seen…
Global financial services association BAFT has launched a new scheme to promote Bitcoin and blockchain technology. The association, which deals in creation and implementation of global finance policies, launched the initiative to drive “awareness of innovations in financial technology”. In its official statement, the international body emphasized how the pace of innovation has redefined the methods of cross-border payments and trade finance; and how it believes to address the regulatory issues for both banks and similar financial institutions through a thorough input. Tod Burwell, the president and CEO of BAFT, particularly highlighted how the emergence of Bitcoin and its associated technologies have improved the methods of supply chain and payments. He stated:…
Russia and digital currency are in the news together yet again, only this time, it’s not out of an ongoing war of words, but because Russia is in the process of creating a cryptocurrency all its own. Known as the bitruble, the virtual currency will likely be launched next year through its parent company Qiwi if financial advisors in Russia are willing to look beyond their fears and distrust of bitcoin, a regular topic amongst monetary experts in the red country. So far, the nation has had a public up-and-down relationship with cryptocurrency. Following a 50 percent drop in the value of the ruble last year, Russia countered the currency’s fall by expressing its animosity towards digital monies, explaining that they cannot be trusted due to usage in criminal and…